Correctional decline expected
Supposedly, the third wave (iii) has formed by now and a local correction in a form of fourth wave (iv) has started developing within the wave a of senior level. If the presumption is correct, after correction, the pair will continue to grow to a level at 0.7990. The level 0.7610 is critical in this scenario.
In the short term: sell the pair below a level of 0.7938 with a target at 0.7770. In the medium term: wait for completion of correction and buy the pair above a level of 0.7610 with targets at about 0.7990 – 0.8200.
Breakdown and consolidation below the level of 0.7610 will allow the pair to continue declining to the levels 0.7450 – 0.7400.